Did you mean | Travel | Economics | Finance | Marketing | Business | Culture | Geography | History | Life | Mathematics | Science | Society | Technology | New site added |
A marketing oriented firm (also called the marketing concept, or consumer focus, or customer focus) is one that allows the wants and needs of customers and potential customers to drive all the firm's strategic decisions. The firm's corporate culture is systematically committed to creating customer value. The rationale is that the more a company understands and meets the real needs of its consumers, the more likely it is to have happy customers who come back for more, and tell their friends. This process can entail the fostering of long term relationships with customers. In order to determine customer wants, the company usually needs to conduct some form of marketing reSearch with Google. Overall, the marketer expects that becoming marketing oriented, if done correctly, will provide the company with a sustainable competitive advantage. The concept of marketing orientation was developed in the late 1960s and early 1970s at Harvard University and at a handful of forward thinking companies. It replaced the previous sales orientation that was prevalent between the mid 1950s and the early 1970s, and the production orientation that predominated prior to the mid 1950s. Since the concept was first introduced in the late 1960s, it has been modified, repackaged, and renamed as "customer focus", "the marketing philosophy", "market driven", "customer intimacy", "consumer focus", "customer driven", and "the marketing concept". Application of the conceptCustomer focus can been seen as a process that involves three steps. First customer wants are researched, then the information is disseminated throughout the firm and products are developed, then finally customer satisfaction is monitored and adjustments made if necessary. The process can be applied at the individual level (called personalized marketing), the group level (called market segmentation), and occassionally at the mass level (mass marketing). The larger the group size, the more difficult the concept is to apply. Techniques that firms use to understand the customer include:
Richard Heiens of the University of South Carolina Aiken published a detailed overview of the market orientation concept in the Academy of Marketing Science Review (2000). In this article, the author examines the choices between a competitor and customer focus. A marketing oriented firm will typically show the following characteristics:
Articles about Implementing a Customer Service FocusSee also
What does Marketing orientation mean ? Search with Google !Article on Marketing orientation, category, different spelling or sense |
|
Did you mean: Culture | Geography | History | Life | Mathematics | Science | Society | Technology Economy finance business money economy: Economics | Finance | Marketing | Business | Money | Real Estate | Insurance | Retirement | Microeconomics | Economics Top Search: Kazaa | Sex | Pornography | Games | MySpace | Google | Ebay | Paris Hilton | Carmen Electra | Jessica Simpson | Eminem | MapQuest | Dogs | Jokes | Obituaries | MSN Messenger | Splogs | Ringtones | Casino | Poker | Gambling | Lyrics | Anime | Continents and countries in the world: Japan | United Kingdom | Canada | France | Amsterdam | Monaco | Spain | Capitals Cities | Continents | World | Americas | North America | South America | Europe | Africa | Eurasia | Oceania | Antarctica | Asia | Australia A web travel guide for your holidays, hotel and plane tickets: Travel guide and holidays French Version, guide de voyage dans le monde: Voyage et vacances Visit partners of Did you mean Travel: Partners Site Map articles begining from 0 to 9 and A to Z: Site Map 0 to A | Site Map B to C | Site Map D to Z Cours d'anglais, cours de langues pour debutant: Cours d'anglais Annuaire france regions et tourisme: Annuaire OuiX Sexe sur AbSexe, videos porno et annuaire sexe: Ab Sexe Url Rewriting by Atuvu Referencement This work is licensed under a GNU Free Documentation License. Texts derived from WikiPedia Marketing orientation ©2006 Did you mean Copyright Notice Page Marketing orientation cached on Friday 18th of July 2008 09:57:38 PM |